Section 482-A:29 Fund Established.
I. There is hereby established the aquatic resource compensatory mitigation fund into which payments made under this subdivision shall be deposited. The fund shall be a separate, nonlapsing fund continually appropriated to the department to be used only as specified in this subdivision for costs related to wetlands creation or restoration, stream and river restoration, stream and river enhancement, preservation of upland areas adjacent to wetlands and riparian areas, and the subsequent monitoring and maintenance of such areas.
[Paragraph II effective until July 1, 2010; see also paragraph II set out below.]
II. The fund may be used to supplement the administrative assessments collected under RSA 482-A:30, III and RSA 482-A:30-a, II to support up to 2 full-time positions for administration of the fund and related projects.
[Paragraph II effective July 1, 2010; see also paragraph II set out above.]
II. The fund may not be used to pay state personnel costs except, upon approval of the fiscal committee, to support up to one full-time position for administration of the fund and related projects. Only money from the 5 percent administrative assessment collected under RSA 482-A:30, III and RSA 482-A:30-a, II shall be used for this purpose.
III. The state treasurer shall invest the fund as provided by law. Interest received on such investment shall be credited to the fund.
IV. The wetlands council, established by RSA 21-O:5-a, shall approve disbursements of the aquatic resource compensatory mitigation fund based on recommendations provided by the site selection committee established under RSA 482-A:32, and in accordance with rules adopted by the commissioner.
Source. 2006, 313:1, eff. Aug. 18, 2006. 2009, 303:2, eff. Sept. 29, 2009; 303:5, eff. July 31, 2009; 303:6, eff. July 1, 2010.